International Monetary Fund and World Bank Spring Meetings: Tunisia's Central Bank Governor Calls for Coordinated Response to Global Crises
During his participation in the International Monetary Fund (IMF) and World Bank Spring Meetings, Fethi Zouhaier Nouri, Governor of the Central Bank of Tunisia, emphasized that the global economy is now operating in a regime of permanent and interconnected crises, where uncertainty has become the norm.
The Governor of the Central Bank of Tunisia noted that, despite a shared global diagnosis, the impact of shocks remains deeply asymmetrical, hitting vulnerable economies harder. In these countries, energy, financial, and geopolitical shocks immediately translate into inflation, pressure on reserves, and currency depreciation. Governor Nouri recalled that, in the face of these exogenous crises, national margins for maneuver are increasingly limited. Tunisia, which has gone through several crises, has shown resilience thanks to the various measures taken in time. In this context, he called for a coordinated and more reactive international response to help countries affected by this succession of crises. The Governor advocated for the establishment of rapid stabilization mechanisms for the most exposed economies. He also stressed the need to strengthen the role of the International Monetary Fund, particularly in terms of anticipation, prevention, and limiting the effects of contagion. The Governor of the Central Bank of Tunisia recommended better integration of geopolitical, energy, and logistical factors into macro-financial analysis. Finally, he emphasized that vulnerable economies are not asking for special treatment, but a more equitable framework. A framework that would allow them to have the time and space needed to absorb shocks and pursue their reforms.
